Episode 4 - Evolution game theory

Insights into Evolutionary Game Theory and investor parallels with animal risk behaviour.

Professor Lord John Krebs, Professor Alex Kacelnik and Gillan Williams discuss Evolutionary Game Theory and the parallels between animal risk behaviour and investors. Several insightful lessons are highlighted, which are relevant to investment advisors and investors alike.


Questions covered:


  • Are humans the only species on the planet that have to make risky decisions?
  • Does this mean that they are mathematicians?
  • Lessons for investors
  • What is Evolutionary Game Theory?



Illustration of the pea plant’s response to a risky environment as referenced by Professor Alex Kacelnik


Professor Alex Kacelnik's pea plant experiment

Pea Plant Experiment

Useful links